Sectoral Allocations For 2024 Budget Released By Senate
The Senate has on Friday night, released the sectoral allocations of the N27.5 trillion budget for the 2024 fiscal year, All Nigeria Latest News reports.
All Nigeria Latest News reports that the budget was passed for second reading in the Senate.
The Senate Appropriations Committee Friday night released some highlights of the budget, especially the sectoral allocations.
The ministries of Works, Finance and Defence got the highest share of the N8.7 trillion capital component of the 2024 budget.
The Ministry of Works gets N521.3 billion, followed by Ministry of Finance with N519.9billion while N308.2 billion was allocated to the Ministry of Defence.
Federal Ministry of Health and Social Welfare is earmarked N304.4 billion while N265.4 billion was proposed for capital projects in the Ministry of Education.
Others are: Ministry of Power N264.2 billion, Government owned Entetprises N820.9 billion, TETFund N665billion Housing and Urban Development N96.9billion, Water Resources N87.7 billion and Police Affairs N69 billion.
The National Assembly under statutory transfers gets N198 billion, Niger Delta Development Commission N324.8 billion, Universal Basic Education N251.4 billion, National Judicial Council N165 billion, North East Development Commission N126 billion and Basic Health Care Provision Fund N125.7 billion.
Under Capital Supplementation, Zonal Intervention otherwise called constituency projects for federal lawmakers gets N100 billion, Special Projects N108 billion, Contingency (capital) N200 billion, Aid and Grants funded projects N685.6billion, National Social Investment Programme Agency N100 billion.
